UPDATE ON PHASE 1 OF THE FLOKI DAO UPGRADE (PLUS KEY INFORMATION FOR INVERSE FINANCE BORROWERS)

The why of the upgrade

  • One of the key themes that keep coming up during our attempts to get listed on major CEXs is the NEED for FLOKI to be further decentralized owing to FLOKI’s V1 history.
  • Specifically, we’ve been told that FLOKI becoming a DAO positions the project strongly, makes it further decentralized, and makes it easy to achieve our goals of getting listed on key CEXs.
  • We’ve been very clear about the fact that FLOKI would eventually be a DAO — and if, based on information we have, becoming one sooner makes it easy to get adoption for FLOKI then this is the perfect time to do this.
  • Data and trends show clearly that the DAO is the future of crypto as indicated by moves by crypto giants Binance, Kucoin, ByBit and respectable names like philanthropic giant Kimbal Musk.

The when of the upgrade

The what of the DAO upgrade

Key Information If You Took a Loan on Inverse Finance

What about BarnBridge and other DeFi Protocols?

How about other DeFi protocols?

In Conclusion

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